Fuel Rates Static On November 9, 2021 Again; Crude Rates Continue To Gain

Petrol and diesel prices across the country on November 9, 2021 are constant for the fifth day in a row today. After the excise duty cut, petrol rate in the country saw a reduction in price by Rs. 7-8, while for diesel rates came down by Rs. 11-13 per litre.

Fuel Rates Static On November 9, 2021 Again; Crude Rates Continue To Gain

Here are the latest fuel rates as on November 9:

Metro city	Petrol rate in Rs/litre	Diesel rate in Rs./litre
Delhi	103.97	86.67
Mumbai	109.98	94.14
Kolkata	104.67	101.56
Chennai	101.4	91.43

The centre has announced excise duty reduction on auto fuels petrol and diesel by Rs. 5 and Rs. 10 respectively. Post which several BJP led states have also reduced the VAT implication but even after this fuel rate still rules above Rs. 100 mark in most Indian cities.

State-run oil marketing companies including BPCL, HPCL and IOC began revising fuel rates on a daily basis on September 24 after international crude rates hit close to a 3-year high. Notably, now the crude prices internationally have hit 7-year high.

International crude rates

Internationally, crude rates are trading marginally higher with Brent crude above $83 per barrel level. This was also spurred by potential spending on infra in the US and post Saudi Arabia's stance to increase the selling price of its crude commodity for its Asian customers.

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